Hilco Receivables partners with Del Monte Foods to close Sagger Creek deal in 10 business days.
Hilco Receivables completed the acquisition of Sagger Creek Vegetable Company's accounts receivable assets. Sagger Creek is a producer of specialty vegetables for the Foodservice and Retail markets headquartered in Siloam Springs, Arkansas. The Sagger Creek business generates annual revenue of approximately $250 million.
Hilco Receivables was contacted by a large institutional restructuring firm to work on a deal outside of bankruptcy. The Hilco Receivables team formed a partnership with Del Monte Foods, Inc to help facilitate the deal, and the transaction was completed within 10 business days.